Affordable Housing
TODAY’S DEALS: WNC Closes $48.5M California LIHTC Fund
WNC closes a 714-unit LIHTC fund in California; NAI Capital brokers a 16-unit sale in West Los Angeles; and Grandbridge Real Estate provides $21.15 million financing for an acquisition.
Enterprise Homes Begins Redevelopment of Maryland Apartments
Redevelopment work has started on Locust House Apartments, a 98-unit multifamily property in Westminster, Md., an outer suburb of Baltimore.
MHN Interview: Cynthia Parker, CEO, BRIDGE Housing
With a strong track record in affordable housing development, San Francisco-based BRIDGE Housing decided to take it up a notch. In its 30th year in existence, the Bay Area non-profit announced that it would aim to double the size of its portfolio by 2017.
Greysteel Arranges Sale of Fredericksburg, Va. Community
Greysteel has announced that it has brokered the sale of a 200-unit affordable housing community in Fredericksburg, Va. The transit-oriented community, Townsend Square Apartments, was acquired by Federal Capital Partners for $18.8 million.
Food at Home: Affordable Housing as a Platform to Overcome Nutritional Challenges
Good nutrition and decent affordable housing are vital components of personal health, well-being, educational attainment and positive economic outcomes. However, there are significant accessibility and affordability barriers faced by low-income families that jeopardize stable homes and healthy diets.
MassHousing Awards Grants for Sober Housing Development
The agency MassHousing has awarded two grants totaling $200,000 to two nonprofits to help them develop affordable “sober housing” in separate locations in Massachusetts, Fitchburg and Quincy.
Dominium Acquires Florida City Affordable Housing
Dominium, an apartment development and management specialist, has acquired Redland Arms Apartments, a 66-unit affordable housing development in Florida City, Fla., for an unspecified price.
TODAY’S DEALS: Newly Completed Austin Community Trades Hands
Oden Hughes sells a 2013-built asset in Austin; TD Bank funds a $17.3 million loan for the acquisition of apartment units; abd Boston Capital invests in a Texas LIHTC development.
The Ramifications of Mayor De Blasio’s Affordable Housing Plan
The mayor of New York City, Bill De Blasio, recently announced a housing plan that will preserve and create a total of 200,000 affordable units. MHN talks to Bomee Jung, interim director at Enterprise Community Partners Inc., about what this plan means for affordable housing.
NOAH at Work on Adaptive Reuse in Massachusetts
Work is under way by Neighborhood of Affordable Housing on Sitkowski School Apartments in Webster, Mass.